2019 State of Salaries Report

Data reveals tech worker salary trends across the globe

Key Findings

Short on time? Here’s what you need to know

Overview

For the fourth consecutive year, Hired is releasing its annual State of Salaries report — and, once again, the results reveal that tech salaries in US markets are steadily rising. We analyzed data from our career marketplace, looking specifically at salaries for global technology workers, including software engineers, product managers, DevOps engineers, designers, and data scientists, to help answer the questions that are top of mind for tech talent today:

Because our data is from real job offers made by companies to tech workers on our platform, we have a unique window into the key salary trends shaping every industry. Hired facilitates the job search process from the initial interview request a company makes, which includes compensation details upfront, all the way to the final job offer a tech worker receives. With that, we have unprecedented visibility into salary data across a variety of geographies, companies, and positions.

In addition to mining our marketplace data, we also surveyed tech talent on Hired to better understand how compensation affects their job satisfaction and personal fulfillment.

The real salary data in this report comes from more than 420,000 interview requests and job offers facilitated through our total marketplace of 10,000 participating companies and more than 98,000 job seekers. Survey data is based on responses from more than 1,800 global tech candidates on our marketplace.

Sharing real tech salary trends from our marketplace empowers tech talent to find a job they love with a salary they deserve — in a city that makes sense for their wallet, lifestyle and career development. For companies, we recognize that their hiring funnel is just as important as their revenue funnel and that great people are the foundation of every successful business. It’s more important than ever for companies to have a robust hiring process that enables them to build strong teams.

When companies are able to offer salaries that are competitive in an ever changing hiring market, it unlocks the opportunity for more predictable hiring.

2019 State of Salaries Report

Insights into tech worker salaries across global markets

Section 01

Boston, Austin and D.C. are giving San Francisco a run for its money

For the fourth year in a row, the San Francisco Bay Area comes out on top as the highest paying market for tech workers, with salaries up 2% in the last year. This doesn’t come as a surprise considering its skyrocketing rents and booming technology sector. However, many cities - nationally and globally - are giving the Bay Area a run for its money, literally.

The average Boston tech worker was paid 9% more in 2018 than in 2017 — and tech workers in Austin and Washington D.C., aren't far behind, making 6% more than last year. Paychecks are growing even faster on the east coast, with tech salaries in both Boston and Toronto increasing by 9%, more than any other major city in the past 12 months.

One in three tech workers expects a raise within eight months of starting at a new company if they receive a positive performance review.

The growth in salaries also reflects certain attitudes tech workers have regarding their compensation and equity. One in three tech workers expects a raise within eight months of starting at a new company if they receive a positive performance review - possibly putting pressure on companies to boost salaries across the board. And despite this year's IPO wave, more than half of global tech workers (54%) are on the fence about forgoing a higher salary for company equity. Similarly, 69% of UK tech workers are unsure about accepting equity in lieu of a higher base salary.

2019 Average Tech Worker Salaries

  • Global Average * $129K
  • US Average $135K
*

This year, the global average tech worker salary decreased as a result of Hired's growth in secondary tech markets including Denver, Boston, Chicago and London, where on average tech workers receive lower salaries than their peers in more established tech hubs.

Year Over Year Salary Change in Each Local Market

  • Austin
  • Boston
  • Chicago
  • Denver
  • London
  • Los Angeles
  • New York
  • *Paris
  • San Diego
  • Seattle
  • San Francisco
  • Toronto